E&P Highlights: July 15, 2024
Here’s a roundup of the latest E&P headlines, including Freeport LNG’s restart after Hurricane Beryl and ADNOC’s deployment of AI-powered tech at its offshore fields.
Pemex Reduces Fuel Thefts as US-Mexico Energy Trade Value Dips
Mexico, the largest export market for U.S. petroleum products, expects to lessen its foreign fuel dependence as its builds a new $16 billion refinery.
Enverus Inventory Rankings: Pinpointing Shale’s Best Remaining Runway
The Montney Shale steals the spotlight in Enverus’ play rankings, while the Eagle Ford draws plaudits for its resilience.
Eni Reports Discovery Offshore Mexico in Block 9
Italian energy giant Eni SpA announced a discovery at the Yopaat-1 EXP exploration well in the offshore Mexico Block 9 of the Cuenca Salina in the Sureste Basin, which potential up to 400 MMboe in place.
Beryl Makes Landfall East of U.S.’ Largest Energy Export Gateway Corpus Christi
Tropical storm Beryl made landfall in Texas as a Category 1. Life-threatening storm surges are expected to continue along the coast of Texas from Port O’Connor to Sabine Pass, including the eastern portion of Matagorda Bay and Galveston Bay, according to the National Hurricane Center.
Mexico’s Nearshoring Attracts $36B in Investment as US Energy Benefits
Mexico saw the highest level of foreign investment in 18 years as companies were attracted to low wage workers, but U.S. energy producers, among others, continue to fuel power for the country’s new factories and projects.
E&P Highlights: July 1, 2024
Here’s a roundup of the latest E&P headlines, including the Israeli government approving increased gas export at the Leviathan Field and Equinor winning a FEED contract for the all-electric Fram Sør Field.
Heirloom Makes Plans for Two DAC Facilities in Louisiana
Heirloom Carbon Technologies expects the facilities, located at the Port of Caddo-Bossier in northwest Louisiana, to remove about 17,000 tons of CO2 from the atmosphere starting in 2026.
North American Lithium Site to Likely Up Mineral Estimates
Piedmont Lithium and Sayona Mining’s North American Lithium site, located in Quebec, Canada, is the largest lithium operation in North America.
E&P Highlights: June 17, 2024
Here’s a roundup of the latest E&P headlines, including Woodside’s Sangomar project reaching first oil and TotalEnergies divesting from Brunei.